The Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Elizabeth Littlefield will lead a delegation to visit Liberia shortly.The visit will lay the ground work for future OPIC involvement and help introduce investors to potential opportunities in Liberia.
It will be a part of a larger visit to West Africa, according to information released by the U.S. State Department.
During her recent official visit to the U.S., President Ellen Johnson Sirleaf and delegation held talks with Littlefield in Washington, D.C.
OPIC has made major efforts to identify eligible U.S. investors willing to invest in Liberia in the aftermath of the civil war, the State Department Fact Sheet indicated.
It said the agency provided long-term loans and risk insurance to realize those investments and has been able to build a portfolio of loans that now includes a school, a small and medium enterprise loan company, and housing.
OPIC is crucial in the implementation of the U.S. Administration's Power Africa Program and supports private sector-led development and recovery.
In 2013, Liberia was selected as one of the initial six focus countries under President Obama’s Power Africa Initiative.
Under the U.S. partnership with the Ministry of Lands, Mines and Energy, Liberia’s Rural and Renewable Energy Agency, and the World Bank, the goal is to increase energy service to as many as 800,000 Liberian households and businesses over the next five years.
nd Bassa local authorities to merge towns in the various districts to bring speedy development to the areas.